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Latino Startups Outdoing Mainstream

14:41 H | Topics: Business

Years after the dot-com boom and bust, it seems that start-up businesses are beginning to pick up speed again, and who is leading the pack? Latinos, according to this Seattle Times article via HispanicTips:

Latinos and immigrants start companies at higher rates than white non-Latinos, while blacks increasingly are jumping into business ownership, a new study finds.

...Two surprising results emerged from the study, Fairlie said. The number of Latinos who started businesses jumped to 0.48 percent of the adult population last year from 0.38 percent in 1996 — greater than the 0.39 percent rate for white non-Latinos. And immigrants have substantially higher entrepreneurship rates than U.S. natives — 0.46 percent vs. 0.35 percent.

It's refreshing to see new that Latino entrepreneurship is growing. I would be curious to see in which areas this is the case. Latino technology startups would be an encouraging sign of economic bounceback in the tech sector and a new horizon for Latino businesses.

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